RE: Re: Trading Statement19 Jan 2018 10:27
points taken.
I used to be a fan of Character and I made a lot in the lovely rise in 2015 from �2.50 to �5. Since then it's stalled and I just don't like the market atm, the exit of Toys 'r' us is symptomatic imo, From this mornings trading update I picked up on this element:
"whist the Group's performance for the half year to 28 February 2018 will reflect the overall lower trading compared to 2017, the Board remains confident that, absent any major external factors, the Group will return to its previous growth pattern during the second half of this calendar year and this will be fully reflected in the strength of the trading for the financial year to 31 August 2019"
That read to me like a warning for the first half of the year but some possibility for the 2nd half. I do think this can do well in the future but not for me right now,
I also recently read this which further turned me off them:
"the following directors received 'performance bonus' in 2017 of the following
Mr Diver just over � 1 million
Mr Shah 723k
Mr Kissane 523k
In 2016 the amount was similar I have no problem if they are performing , clearly the last 2 years they have not been performing so how can they justify the excessive bonuses"
GL